The company is largely into the manufacturing of high-performance manual steering gear, hydraulic and electric power steering, and other allied components, with leading car companies as clients, including Maruti Suzuki, Toyota, Tata Motors, Mahindra, Honda, Renault, Nissan and others.
Stocks to Watch, 26 June: Stocks like One Mobikwik Systems, Western Carriers India, PB Fintech, Texmaco Rail and Engineering, Om Infra, JSW Energy, and SMS Pharmaceuticals will be in focus on June 26.
Given the improved sentiment after the counter-attack by bulls, the benchmark indices are expected to extend their upward rally amid possible consolidation. Below are some trading ideas for the near term.
Nifty could extend its uptrend towards next resistances of 22,600-22,700 followed by 23,000-23,100. Supports for the Nifty are seen at 22,200 and 21,800.
The share touched a 52-week high of Rs 167.90 and a 52-week low of Rs 95.55 on 10 August, 2023 and 28 March, 2023, respectively.
Walking the upper bands in Bollinger's support the bullish view in JTEKT India.